ALUM - Profit growth and dividends can take it to new highs

Alumex Plc is going from strength to strength in their industry here and abroad. The encouraging increase in profitability which in turn helping increased dividend payments could make the prices to move up in the short to medium term. There is a strong support at 20.00, and the resistance at 22.00. Once the sideway movement within this channel is complete we can expect newer highs testing 23.50 and above. Keep an eye on this counter, and certainly a worthwhile stock to include in your investing and trading portfolios.